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(Reuters) -BofA Global Research no longer expects the U.S. Federal Reserve to raise interest rates, joining other Wall Street banks, following softer-than-expected October inflation data in the world’s largest economy. Data on Tuesday showed U.S. consumer prices were unchanged in October month-on-month, representing a significant cooling from September’s rise. This bolstered views among investors that […]

(Reuters) -BofA Global Research no longer expects the U.S. Federal Reserve to raise interest rates, joining other Wall Street banks, following softer-than-expected October inflation data in the world’s largest economy. Data on Tuesday showed U.S. consumer prices were unchanged in October month-on-month, representing a significant cooling from September’s rise. This bolstered views among investors that […]

(Reuters) -BofA Global Research no longer expects the U.S. Federal Reserve to raise interest rates, joining other Wall Street banks, following softer-than-expected October inflation data in the world’s largest economy. Data on Tuesday showed U.S. consumer prices were unchanged in October month-on-month, representing a significant cooling from September’s rise. This bolstered views among investors that […]

(Reuters) -BofA Global Research no longer expects the U.S. Federal Reserve to raise interest rates, joining other Wall Street banks, following softer-than-expected October inflation data in the world’s largest economy. Data on Tuesday showed U.S. consumer prices were unchanged in October month-on-month, representing a significant cooling from September’s rise. This bolstered views among investors that […]

(Reuters) -BofA Global Research no longer expects the U.S. Federal Reserve to raise interest rates, joining other Wall Street banks, following softer-than-expected October inflation data in the world’s largest economy. Data on Tuesday showed U.S. consumer prices were unchanged in October month-on-month, representing a significant cooling from September’s rise. This bolstered views among investors that […]

(Reuters) -BofA Global Research no longer expects the U.S. Federal Reserve to raise interest rates, joining other Wall Street banks, following softer-than-expected October inflation data in the world’s largest economy. Data on Tuesday showed U.S. consumer prices were unchanged in October month-on-month, representing a significant cooling from September’s rise. This bolstered views among investors that […]

(Reuters) -BofA Global Research no longer expects the U.S. Federal Reserve to raise interest rates, joining other Wall Street banks, following softer-than-expected October inflation data in the world’s largest economy. Data on Tuesday showed U.S. consumer prices were unchanged in October month-on-month, representing a significant cooling from September’s rise. This bolstered views among investors that […]

(Reuters) – BofA Global Research no longer expects the U.S. Federal Reserve to deliver another interest rate hike in December, following a softer-than-expected inflation reading for October. The brokerage had previously forecasted a final 25 basis points hike. “We now think that the hiking cycle is over,” BofA economists led by Stephen Juneau said in […]

(Reuters) – BofA Global Research no longer expects the U.S. Federal Reserve to deliver another interest rate hike in December, following a softer-than-expected inflation reading for October. The brokerage had previously forecasted a final 25 basis points hike. “We now think that the hiking cycle is over,” BofA economists led by Stephen Juneau said in […]

A look at the day ahead in European and global markets from Tom Westbrook Just one-tenth of a percentage point was enough to trigger big moves in global markets that were some of the sharpest we’ve seen this year. The U.S. CPI came in flat for last month, against consensus expectations of a 0.1% rise. […]